State Bank of Cross Plains

Headquarters

1205 Main Street
Cross Plains, WI 53528
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.85% →
1-Year CD 0.25% 0.70% →
2-Year CD 0.35% 0.75% →
5-Year CD 0.85% 1.15% →
30-Year Mortgage 3.67% 2.72% →
15-Year Mortgage 3.20% 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

State Bank of Cross Plains is an FDIC insured institution located in Cross Plains, WI. It was founded in 1908 and has approximately $1.65 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 15091
Date Established 1908
Assets $ 1,653.70 million
Loans $ 1,182.46 million
Deposits $ 1,450.46 million
Capital $ 168.68 million
 

For a more detailed analysis of State Bank of Cross Plains's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 4, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.01% $10,000 $14,999 Learn More
Money Market
0.06% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
30 Mo CD
0.35% $10,000 $14,999 Learn More
30 Mo CD
0.35% $100,000 $199,999 Learn More
36 Mo CD
0.55% $10,000 $14,999 Learn More
36 Mo CD
0.55% $100,000 $199,999 Learn More
48 Mo CD
0.65% $10,000 $14,999 Learn More
48 Mo CD
0.65% $100,000 $199,999 Learn More
60 Mo CD
0.85% $10,000 $14,999 Learn More
60 Mo CD
0.85% $100,000 $199,999 Learn More

 

Loan Rates - August 4, 2021

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

State Bank of Cross Plains branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


State Bank of Cross Plains Locations


Financial Details

State Bank of Cross Plains Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of State Bank of Cross Plains. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
State Bank of Cross Plains U.S. Bank Average
2.49% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, State Bank of Cross Plains had $4,335,000 in non-current loans and $184,000 in owned real estate. To cover these potential losses it had $168,682,000 in equity and $12,447,000 in loans loss reserves. That gives it a Texas Ratio of 2.49%.

Return on Equity
State Bank of Cross Plains U.S. Bank Average
13.99% 11.43%

State Bank of Cross Plains has a Return on Equity of 13.99% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
State Bank of Cross Plains U.S. Bank Average
10.2% 11.51%

State Bank of Cross Plains has a Capitalization of 10.2% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

State Bank of Cross Plains Balance Sheet Analysis

As of March 31, 2021, State Bank of Cross Plains had assets of $1,653,699,000, loans of $1,182,456,000, and deposits of $1,450,459,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 55.12 million
Interest-bearing balances $ 18.98 million
Total securities $ 220.42 million
Federal funds sold and reverse repurchase $ 99.31 million
Net loans and leases $ 1,182.46 million
Loan loss allowance $ 12.45 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.18 million
Goodwill and other intangibles $ 22.13 million
All other assets $ 51.13 million
     Total Assets $ 1,485.02 million
LIABILITIES
Total deposits $ 1,450.46 million
      Interest-bearing deposits $ 1,085.13 million
      Deposits held in domestic offices $ 1,450.46 million
      % insured (estimated) 54.03%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 23.00 million
Subordinated debt N.A.
All other liabilities $ 11.56 million
      Total Liabilities $ 1,485.02 million
      Shareholders’ Equity $ 168.68 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 13.78 million
Total Interest Expense $ 1.13 million
Net interest income $ 12.65 million
Provision for loan and lease losses $ 0.80 million
Total non interest income $ 5.95 million
Total non interest expense $ 10.02 million
Pre-tax Net Operating Income $ 7.78 million

Bank Loan Profile?

The top three loan types in State Bank of Cross Plains’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Wisconsin, State Bank of Cross Plains has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 15.96
Multifamily
Mortgages
10.98
Credit Card Loans 0.31
Consumer Auto Loans 0.19
Small Business Loans 8.03
Construction and Development Loans 10.11
Commercial Real Estate 35.22
Commercial and Industrial Loans 17.65
Farm Loans 2.31

Frequently Asked Questions About State Bank Of Cross Plains

Branches and Savings

Is State Bank Of Cross Plains FDIC insured?

Yes. It is covered under FDIC Certificate #15091.

Why does State Bank Of Cross Plains pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are State Bank Of Cross Plains CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is State Bank Of Cross Plains a commercial bank?

Yes

Where are State Bank Of Cross Plains locations?

See branch locations nearby.

Is State Bank Of Cross Plains open on Saturdays?

Is State Bank Of Cross Plains open on Sundays?

What time does State Bank Of Cross Plains open?

What time does State Bank Of Cross Plains close?

Are State Bank Of Cross Plains ATMs Open 24/7?

Do State Bank Of Cross Plains ATMs accept cash deposits?

Can State Bank Of Cross Plains customers use other ATMs?

Do State Bank Of Cross Plains branches have notaries?

Will State Bank Of Cross Plains notarize my document?

What address for State Bank Of Cross Plains should I put for incoming ACH transfers?

Will the State Bank Of Cross Plains branch print checks?

Do State Bank Of Cross Plains checks expire?

Does State Bank Of Cross Plains require US citizenship to open account?

Can State Bank Of Cross Plains close my account?

Does State Bank Of Cross Plains Report to credit bureaus?

Does State Bank Of Cross Plains Use Equifax?

What is State Bank Of Cross Plains's ACH Routing Number?

What is State Bank Of Cross Plains's SWIFT code?

Products

Does State Bank Of Cross Plains offer mortgages?

Compare mortgage rates here.

Does State Bank Of Cross Plains offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does State Bank Of Cross Plains offer personal loans?

Compare personal loan rates here.

Does State Bank Of Cross Plains offer student loans?

Will State Bank Of Cross Plains cash a check?

Will State Bank Of Cross Plains redeem a savings bond?

Does State Bank Of Cross Plains cash savings bonds?

Will State Bank Of Cross Plains cash money orders?

Can State Bank Of Cross Plains issue a money order?

Does State Bank Of Cross Plains do currency exchange?

Background on The Bank

Who owns State Bank Of Cross Plains?

How long has State Bank Of Cross Plains been around?

Can State Bank Of Cross Plains transfer to other banks?

Does State Bank Of Cross Plains have quick pay?

Does State Bank Of Cross Plains accept rolled coins?

Will State Bank Of Cross Plains accept loose change?

Where is State Bank Of Cross Plains headquarters?

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